<p> Tata Motors has announced the signing of a memorandum of understanding (MoU) for a long-term partnership with Volkswagen Group and Skoda, to explore strategic alliance opportunity for joint development of products. <br /><br /></p>.<p>The agreement was signed by Tata Motors CEO and MD Guenter Butschek, Volkswagen CEO Matthias Müller and Skoda Auto CEO Bernhard Maier.<br /><br />The document lays down the scope and objectives in order to reach agreement on the modalities and terms of a long-term cooperation in identified areas of partnership.<br /><br />Skoda Auto will take the lead on behalf of the Volkswagen Group to drive forward work towards development of vehicle concepts in the economy segment, a release said. <br /><br />Tata Motors and Skoda Auto, representing the Volkswagen Group, will detail out the guiding principles and terms of cooperation in the next few months.<br /><br /></p>
<p> Tata Motors has announced the signing of a memorandum of understanding (MoU) for a long-term partnership with Volkswagen Group and Skoda, to explore strategic alliance opportunity for joint development of products. <br /><br /></p>.<p>The agreement was signed by Tata Motors CEO and MD Guenter Butschek, Volkswagen CEO Matthias Müller and Skoda Auto CEO Bernhard Maier.<br /><br />The document lays down the scope and objectives in order to reach agreement on the modalities and terms of a long-term cooperation in identified areas of partnership.<br /><br />Skoda Auto will take the lead on behalf of the Volkswagen Group to drive forward work towards development of vehicle concepts in the economy segment, a release said. <br /><br />Tata Motors and Skoda Auto, representing the Volkswagen Group, will detail out the guiding principles and terms of cooperation in the next few months.<br /><br /></p>
